What is Forex and how does it work?
27 November 2015
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Learn everything about Orderflow trading?
- theforexscalper
theforexscalper
Email us now :
info@theforexscalpers.com
Learn everything about Orderflow trading?
theforexscalper
Email us now :
info@theforexscalpers.com
I often get the question what the difference is between Support and Resistance and Supply and Demand.
Or people who ask me but Support and Resistance and Supply and Demand are the same right?
I will explain the biggest differences in this blog a bit to you.
Support and resistance levels and Supply and Demand levels are 2 different trading concepts that are very similar.
They both indicate points where the price can reverse.
And you can find them both everywhere on the charts.
I think the big difference between the two is that Support and resistance often works on historical levels
and Supply and Demand especially on fresh levels.
Where Support and Resistance is particularly strong in multiple touches of the Support and resistance line.
So the more often the price has responded to that line, the stronger the level.
Usually the Support and resistance is also drawn by means of the highest or the lowest point in the market.
At Supply and Demand this is very different again.
At Supply and Demand you mainly look for fresh new zones.
And you can often only use it up to three times.
In Supply and demand we have different patterns on which we make our base.
-RBR (Rally Base Rally)
-RBD (Rally Base Drop)
-DBD (Drop Base Drop)
-DBR (Drop Base Rally)
Supply and demand zones are therefore not only based on the highest or lowest point of the market.
I hope you now understand the biggest difference between these two terms.
In my new course in the member zone I will of course go into more detail about this,
and after the course you know exactly how you can trade the best Support / Resistance and Supply / Demand levels.
Want to know more about trading in forex or do you want to join the forex group?
Please contact me so that I can explain you much more about what we have to offer.
Looking for good Forex education? Look at www.theforexscalpers.com
The best Broker? Look at IC MARKETS.
Welcome to my author blog. With over 12 years of experience in the financial markets, Trading is more than a profession for me; it's a passion that has fueled my curiosity and determination. Over the years, I've explored various trading strategies, dabbled in different asset classes, and navigated through the ever-evolving landscape of technology and innovation. Through it all, I've witnessed firsthand the transformation of the financial industry. My mission is to share the wealth of knowledge I've gained over the years with you, my fellow traders and aspiring investors. Whether you're a seasoned pro looking for fresh perspectives or a newcomer eager to understand the basics, you'll find something valuable here.
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